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  1. Deals Analysis
December 20, 2019

Insurance industry M&A deals in November 2019 total $1.86bn globally

Total insurance industry M&A deals in November 2019 worth $1.86bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 63.2% over the previous month and a drop of 37.6% when compared with the last 12-month average, which stood at $2.99bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.05bn. At the country level, China topped the list in terms of deal value at $1.05bn.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then South and Central America.

The top country in terms of M&A deals activity in November 2019 was the US with 32 deals, followed by the UK with ten and Canada with three.

In 2019, as of the end of November 2019, insurance M&A deals worth $30.32bn were announced globally, marking a decrease of 63.3% year on year.

Insurance industry M&A deals in November 2019: Top deals

The top five insurance industry M&A deals accounted for 98.2% of the overall value during November 2019.

The combined value of the top five insurance M&A deals stood at $1.83bn, against the overall value of $1.86bn recorded for the month.

The top five insurance industry deals of November 2019 tracked by GlobalData were:

1) Chubb’s $1.05bn acquisition of Huatai Insurance Group

2) The $653m acquisition of Clinipam by Notre Dame Intermedica Participacoes

3) Baloise Holding’s $66.98m asset transaction with Athora Holding

4) The $33.86m acquisition of Apri Insurance Services by People

5) THE WAARD GROUP’s asset transaction with Argenta Bank- en Verzekeringsgroep for $32.31m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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